Global Cities Group

Analysis

Global Cities Group is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Global Cities Group reported income of $162k and spending of $260k, spending 160% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $205k to $162k (-21%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Global Cities Group sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Duck River Apartments Inc ($162k), Lake Chelan Food Bank ($162k) and Step of Faith Outreach Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (50% of expenses). It paid $30k in professional fundraising fees. At year end it held assets of $13k against liabilities of $17k, net assets of -$3,900. It reported 1 employees.